Singapore Business Review

Engineering, automation, and new product introduction are staying as repetitive work moves regionally.

Prime logistics rents fell 2.7%, ending five straight quarters of growth.

Up to 563.6 million rights shares will be issued at $0.049 apiece.

Two US contracts worth $254.8m for power distribution centres anchored the haul.

Gross revenue also decreased 1.6% to $119.2m.

This was linked to a 23% decline in its Real Estate Investment Business.

Operating profit nearly doubled to $25.7m despite a 9.7% revenue decline.

Distributable income for the quarter rose 30.3% to $7.7m from $5.9m. 

The appointment comes as BDC surpasses one gigawatt of capacity in 2026.

LTA will also review whether to further reduce bidding fees for individual buyers.

Slower growth in new orders, factory output, and employment drove the moderation. 

Placement proceeds are earmarked for advanced 5-axis machines and software.

The company discovered and stopped the unauthorised access on 29 October. 

Net fee income also jumped 19% to a record $733m.   UOB Group’s net profit nearly tripled to $1.25b in the third quarter (Q3) of 2026, from $443m a year ago, as total allowance normalised from elevated levels that had included pre-emptive provisioning and higher specific allowance.   The figure, however, is 15% lower than the $1.48b recorded in Q2, which UOB attributed to the absence of asset divestment gains.   Net interest income rose 1% year-on-year (YoY) to $2.28b, despite a 14-basis-point decline in net interest margin to 1.68% in a lower interest rate environment.   Fee income rose 19% to a record $733m from $615m, driven by strong growth in wealth, cards, and loan-related activities.Other non-interest income fell 29% to $370m on lower trading and investment income.   Meanwhile, total allowance fell 81% YoY to $258m from $1.36b, bringing total credit costs on loans down to 24 basis points from 134 basis points.   Expenses rose 2% to $1.57b as the cost-to-income ratio edged up to 46.4%.   The non-performing loan ratio improved to 1.5%, whilst the Common Equity Tier 1 ratio was unchanged at 14.6%.